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Revenue
₹132 Cr
verified against source
Revenue YoY
37%
reported change
EBITDA
₹15.3 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Platinum Industries delivered a robust Q4 FY26 with consolidated revenue of ₹132 crore (+37% YoY), EBITDA of ₹15.3 crore (+95% YoY), and PAT of ₹14.8 crore (+164% YoY). EBITDA margin expanded 350 bps to 11.6%. Growth was driven by strong volume uptake in CPVC additives, improved product mix, and operational leverage from the new Palar facility. The CPVC segment contributed ~30% of FY26 revenue (₹110 crore) and is scaling rapidly with two major pipe manufacturers onboarded. Management guided for >40% revenue growth in FY27, supported by the Egypt plant (Q3 start, 10% of FY27 revenue) and a 35% CAGR target over FY26-29. Risks include raw material volatility (PVC/chemicals) and the time lag in passing on cost increases, which could temporarily pressure margins.
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Guidance to track
- Management targets >40% revenue growth in FY27, with 10% from Egypt and rest from India.
- Long-term revenue CAGR target of 35% over FY26-29, supported by Egypt ramp-up and new products.
- Egypt facility to start commercial production in Q3 FY27, contributing ~10% of FY27 revenue.
- Management expects to maintain EBITDA margin in 13-15% range in FY27.
Risks flagged
- Geopolitical tensions caused PVC and chemical price spikes in March; time lag in passing on costs may pressure margins.
- CPVC gross margins (18-20%) are lower than blended average; rising share could dilute overall margins.
- New Egypt facility may face operational or regulatory delays; break-even at 30-35% utilization.
- Employee costs rose due to hiring for new facilities; as % of sales increased by 1% and may not normalize quickly.
Key quotes
- We reiterate our growth ambitions targeting more than 40% revenue growth in financial year 27 and a 35% CAGR from financial year 26 to 29.
- CPVC supported the volatility of PVC... the growth that we are talking about in terms of maintaining the future levels is always going to be on a higher side in terms of the product mix.
- We are targeting somewhere around 55 to 60 crores in olio chemicals this year.
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